RE: All you clever people15 Jan 2019 13:07
I think WLFE has taken our knees to a degree. The super cheap production blah blah blah there is no different to MM's stance here. Drakelands failed. Peeps are nervous. They want to see us up and running? Well, near enough anyway. I know we have no where near the issues Drakelands had, but peeps wont see that. It drives me nuts, WRES is such a different beast and the reason it has taken so long to get here has been due to the double checking (triple checking) of the geology and engineering. I see the award of the grant, when the money is in the bank, as being a possible kick starter. That confirms that the local government and populace are truly onboard. They [local government] become stake holders. Locals and related bodies can destroy start ups, especially in mining and I can see why. MM has been tight on this, he is thorough.
Placing, well that last one was a f**ker and many have already been scared off by MM. We cannot ignore the fact that his history with WRES involves placings, poor RNS's, Bergen, failed tailings production etc, delays in gold JORC, copper drilling news, Regua FID and Regua progress. I will also state that some will be put off by an Australian CEO - there is a perception out there folks.
However, that is all in the past. I don't understand the price here. I really don't. My research tells me that now is the pinch point, but I have said that already in the past weeks. I am certainly feeling the pinch. We cannot hold this SP for much longer. The movement of shares will end soon enough. Oh well, what do I know. Well INFA for sure. Love an all. DYOR. Micheal, Oldie says plant needs to be buzzing and grant needs to be in the bank.